A rich guy’s case for (much) higher taxes
April 17, 2012
“I was a kid in the 1950s,” says David Levine. “And the whole time, the top marginal tax rate was 87 percent. Not many people paid that much. Only three baseball players — Ted Williams, Joe DiMaggio and Willie Mays — got there. But it was 87 percent.” Most people, of course, do not mark major life events by the top marginal tax bracket at the time. But David Levine isn’t most people. Levine is the former chief economist for the investment-management firm Sanford C. Bernstein. He is, as you might expect, a very rich man. But he’s one of those rich guys who, like Warren Buffett, is begging the government to raise his taxes. Levine has been following federal tax policy for most of his adult life. “My main job was to forecast the economy,” he shrugs. “So taxes are tremendously important to that. And tax policy changes are tremendously important.” And, to him, those changes mostly went the same way: cutting taxes on people, like Levine and his friends, who didn’t need tax cuts, as the...
11 April 1954, Adalah Hari Paling Membosankan Abad 20
April 16, 2012
Para ahli menyatakan, 11 April 1954 adalah hari paling membosankan sepanjang abad ke-20 Sejumlah peristiwa penting dunia terjadi pada tahun 1954. Di antaranya pemecahan rekor dunia oleh pelari Inggris, Roger Bannister, Ratu Inggris untuk kali pertamanya mengunjungi Australia, dan bintang seksi, Marilyn Monroe menikahi atlet baseball, Joe DiMaggio. Namun, dari sekian banyak hari bersejarah